# Emerging Grain Market Conditions and Impacts on Calf Prices | Ohio BEEF Cattle Letter

> Corn and soybean futures have risen substantially since early August, with the 2020 harvest corn contract up about $1 per bushel and soybeans roughly double that. Dec 2021 corn is a little above $4 and Nov 2021 soybeans near $10. The author sees both crops trading at a premium to fundamentals based on stock-to-use ratios.

- Date: 2020-11-18 · published 2020-11-18T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/50287-emerging-grain-market-conditions-and-impacts-on-calf-prices-ohio-beef-cattle
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher deferred grain prices raise feed costs for cattle and livestock feeders into next year, and the stock-to-use view suggests room for prices to ease toward mid-to-high $3 corn and mid-to-high $9 soybeans.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- u.osu.edu: https://u.osu.edu/beef/2020/11/18/emerging-grain-market-conditions-and-impacts-on-calf-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.